Seeking a highly motivated professional to fill the role, with the primary aim of driving organizational success through strategic initiatives and operational excellence. The ideal candidate will possess a minimum of five years of relevant experience in a similar capacity, complemented by a proven track record of leadership and problem-solving within dynamic environments. Responsibilities include overseeing cross-functional teams, optimizing workflows to enhance productivity, and ensuring alignment with corporate goals. Additionally, the position requires strong analytical skills, exceptional communication abilities, and the capacity to adapt to evolving industry trends while maintaining a results-driven approach.
RISK MONITORING specializes in the proactive identification and thorough evaluation of potential risks, ensuring robust risk management across operations. This role demands a keen analytical mindset to detect emerging threats, assess their potential impact, and prioritize mitigation strategies. Candidates must possess strong problem-solving abilities, attention to detail, and proficiency in risk assessment methodologies to support informed decision-making. Key responsibilities include monitoring risk exposures, analyzing trends, and collaborating with cross-functional teams to implement effective controls. Ideal applicants will have experience in risk frameworks, regulatory compliance, and data-driven risk evaluation techniques.
Coordinate the Bank’s Control Self-Assessment (ROSA) activities in accordance with the annual work plan, identifying inherent risks across products, processes, services, and systems. Evaluate the adequacy and performance of existing controls and control environments, detect control deficiencies, and support the implementation of enhanced controls to address gaps or replace ineffective controls.
Develop and oversee a comprehensive database system specifically designed to track, manage, and implement risk mitigation measures and corrective actions for the Bank.
The position involves monitoring and documenting unresolved items within the Risk Mitigating Action Plan, ensuring comprehensive tracking and timely reporting to stakeholders.
Develop and sustain a comprehensive library of Business Environment Internal Control Factors (Beings) to ensure consistent documentation and accessibility of critical control components.
Operational risk measurement and management involves identifying, assessing, and mitigating risks that could disrupt business operations, including financial losses, regulatory breaches, or reputational damage. This role requires expertise in risk frameworks, quantitative analysis, and regulatory compliance to develop robust strategies that minimize vulnerabilities. Professionals in this field evaluate internal processes, systems, and human factors to detect potential threats, while implementing controls and monitoring mechanisms to ensure continuous improvement and resilience against emerging risks. Strong analytical skills, attention to detail, and proficiency in risk management tools are essential, along with the ability to communicate findings effectively to stakeholders and senior leadership.
The Bank’s risk profile is monitored through ongoing assessments of Key Risk Indicators (Kris), with any deviations that surpass established risk appetite or tolerance thresholds promptly reported to the relevant stakeholders.
Create and uphold a comprehensive risk register for the Bank, ensuring thorough documentation and continuous updates of identified risks.
Responsibilities include compiling and submitting detailed loss reports in accordance with established procedures and regulatory requirements. Analyze data trends to identify potential risk factors and provide actionable insights to mitigate future losses. Collaborate with cross-functional teams to gather relevant information and ensure accuracy in reporting. Maintain comprehensive records of all loss events, documenting causes, impacts, and resolutions for audit and review purposes. Communicate findings and recommendations to management to support informed decision-making and strategic planning.
In compliance with the Basel II Accord and regulatory standards, the role involves overseeing the development, coordination, and upkeep of precise and resilient loss databases within the Bank. This ensures adherence to all applicable regulatory requirements while maintaining the integrity and reliability of critical loss data.
Financial institutions are responsible for calculating operational risk capital, a critical process that ensures adequate risk management and regulatory compliance. This task involves identifying, assessing, and quantifying potential operational risks to determine the necessary capital reserves for mitigating financial losses. Institutions must adhere to established frameworks and methodologies, ensuring accurate and transparent calculations in alignment with industry standards and regulatory requirements.
Loss Reporting training interventions encompass a range of educational programs designed to enhance employees’ understanding of loss reporting processes, policies, and procedures within an organization. These interventions aim to improve accuracy and timeliness in reporting financial losses, operational inefficiencies, or other discrepancies, ensuring compliance with regulatory standards and internal guidelines. Participants will develop competencies in identifying, documenting, and escalating loss events while gaining insights into risk management strategies and mitigation techniques. Additionally, they will learn how to utilize reporting tools and systems effectively to streamline loss detection and resolution.
Develops and refines organizational policies, frameworks, and governance structures to align with strategic objectives and regulatory obligations. Implements systematic processes for reviewing, updating, and disseminating policies to ensure compliance and operational efficiency. Collaborates with senior leadership and cross-functional teams to identify gaps, assess risks, and recommend strategic improvements. Ensures policies are clear, actionable, and consistently applied across the organization. Monitors adherence to policies and evaluates their effectiveness through audits, feedback mechanisms, and performance metrics.
The Bank’s established principles and standards are designed to ensure that all actions, processes, systems, and activities are executed in a manner that is both effective and efficient, thereby supporting the achievement of its defined goals and objectives.
Conduct comprehensive reviews of bank-wide policies in accordance with pre-defined schedules.
The Drive Policy Appreciation Program (PAP) is designed to ensure every employee aligns with the Bank’s established policies.
Business Continuity Management, Crisis Management, and Incident Reporting & Management
Facilitate and coordinate the formulation and implementation of comprehensive business continuity plans for each work area and business function, while also overseeing the annual testing process across all business units.
Coordinate business continuity management systems and ensure the maintenance of all associated documentation.
Develop and implement strategies to enhance awareness of incident reporting while conducting regular trend analyses for senior management.
The ideal candidate must fulfill several key qualifications and professional expectations. A bachelor’s degree in a relevant field is essential, coupled with at least three years of hands-on experience in a comparable role. Proficiency in industry-standard software and tools is required, along with strong analytical and problem-solving abilities. Exceptional communication and teamwork skills are also necessary to collaborate effectively with colleagues and stakeholders. Prior experience managing projects or leading initiatives will be considered a significant advantage.
A bachelor’s degree in a business-related field is required, with candidates possessing an MBA, M.Sc., MA, ML, and/or professional qualifications being highly preferred.
Requires a minimum of one to three years of professional exposure within the banking sector to effectively contribute to the role’s demands.
Qualifications
BA/BSc/HND , MBA/MSc/MA
Experience Required
1 - 3 years
